Frank Koudelka, one of the most highly respected ETF specialists in the industry, is to retire from State Street in 2026. Koudelka, who is the global ETF product specialist for the investment services business, joined State Street in 2007 following its acquisition of Investors Bank & Trust, where he previously worked. Godspeed to Frank and…
Category: Headlines
New CEO for Highvern/Permian
Highvern and Permian, which joined forces at the beginning of 2025 under the aegis of long-term investor Jacobs Capital, have appointed Caroline Connellan as group chief executive officer, effective 5 January 2026. Based in London, Connellan was most recently CEO of M&G Wealth. She succeeds Martin Hall, co-founder and CEO of Highvern for the past…
U.S. Bank & Ultimus support new BDC
Monroe Capital LLC, a U.S.-based private credit asset manager with c. USD22bn AuM, has launched the Monroe Capital Enhanced Corporate Lending Fund, a perpetual-life, continuously offered, non-traded BDC designed to provide retail investors access to Monroe’s direct lending strategy. U.S. Bank Trust Company has been appointed as custodian for the securities, with Ultimus Fund Solutions…
SimCorp appoints CPO
SimCorp, the Deutsche Börse-owned fintech, today has appointed Iyan Adewuya to the newly-created role of chief product officer. He will be based in New York, reporting to Marc Schröter, chief product & technology officer. Most recently, he was head of product for enterprise and private markets solutions at S&P Global Market Intelligence. Prior to S&P…
NTRS reports strong NA AO growth
Northern Trust has further strengthened its market-leading asset owner franchise in North America, reporting robust new business growth with pensions, endowments and other institutional asset owner clients, securing >100 mandates across key global markets in 2025. The new business represents > USD385bn in assets (as of Nov. 30, 2025).
Nasdaq partners with Citi
Nasdaq has selected Citi to provide Account Operator services across the Nordics and Euroclear Bank, enabling its integrated access to relevant financial market infrastructures.
IQ-EQ supports record-setting ILP
IQ-EQ has supported Aspirity Partners as administrator of its inaugural fund, Aspirity Partners I, which has reached its final close at >EUR875m (USD1bn). Aspirity Partners is a pan-European private equity firm focused on buyouts in financial and enterprise technology services. Its debut fund has been recognised as the largest first-time private equity fund ever launched…
FactSet and Arcesium join forces
FactSet, the digital financial platform and enterprise solutions provider, has partnered with Arcesium, an investment administrator in which J.P. Morgan has a stake, to deliver a unified investment management offering designed to integrate front, middle, and back-office asset management workflows across public, private, and alternative markets. Integrating analytics engines, data pipelines, and AI-powered workflows, this…
Covercy partners with NAV
Covercy, a provider of end-to-end investment management solutions for commercial real estate, has formed a partnership with NAV Fund Services, a U.S.-based administrator with USD350bn AuA. The partnership combines Covercy’s integrated investment management and banking platform with NAV’s fund administration capabilities, providing clients with a full-service solution for fund accounting, reporting, and investor servicing. The…
Aztec supports new GHO fund
Aztec Group has supported Global Healthcare Opportunities (GHO), a European healthcare specialist private equity firm, on the final close of GHO Fund IV, raising over EUR2.5bn (USD2.9bn). This marks GHO’s largest fund to date and brings total AuM to c. EUR9bn (USD10.5bn). Aztec will provide ongoing administration, company secretarial, and accounting services.